Dogecoin’s (DOGE) swift price descent over the past 48 hours saw the memecoin fall from $0.09 to $0.0769. This represented a 15% drop within the two day period.

過去 48 小時內，狗狗幣 (DOGE) 的價格迅速下跌，從 0.09 美元跌至 0.0769 美元。這意味著兩天內下跌了 15%。

However, buyers can expect some temporary relief from the selling pressure at the $0.0763 support level. This support level has initiated bullish rallies twice already this year and could offer buyers another opportunity to register some bullish momentum.

然而，買家可以預期 0.0763 美元支撐位的拋售壓力會暫時緩解。這一支撐位今年已兩度引發看漲反彈，可能為買家提供另一個獲得看漲勢頭的機會。

DOGE extends sideways price action

DOGE has traded between a compact range over the past three weeks with $0.0763 acting as the range low and $0.0877 serving as the range high. This has presented short term traders with an opportunity to “trade the range.”

DOGE 擴大橫向價格走勢過去三週，DOGE 在一個緊湊的區間內交易，其中 0.0763 美元為區間低點，0.0877 美元為區間高點。這為短期交易者提供了「區間交易」的機會。

Trading the range involves buying a token at a range low and taking profits at a range high. This strategy is typically used by short term traders when the market hasn’t established a clear trend.

區間交易涉及在區間低點買入代幣並在區間高點獲利了結。當市場尚未建立明確趨勢時，短期交易者通常會使用此策略。

DOGE/USDT on TradingView (4H Timeframe)

TradingView 上的 DOGE/USDT（4 小時時間範圍）

Thus, the descent of DOGE to the range low again provides intraday traders a buying opportunity. Traders can wait for a bullish candle close on the four-hour timeframe before entering a long position. This could yield a profit margin of 15% for buyers, if price reverses to the range high of $0.08.

因此，DOGE 跌至區間低點再次為日間交易者提供了買入機會。交易者可以等待四小時時間框架內的看漲蠟燭收盤，然後再建立多頭部位。如果價格反轉至 0.08 美元的區間高點，這可能會為買家帶來 15% 的利潤率。

In the meantime, the Relative Strength Index (RSI) and Chaikin Money Flow (CMF) remained bearish with readings of 32 and -0.07 respectively.

同時，相對強弱指數 (RSI) 和柴金資金流 (CMF) 仍然看跌，讀數分別為 32 和 -0.07。

Despite the low risk nature of the setup, traders should exercise caution, as a break of the range low would see DOGE experience more selling pressure. This could be accelerated if the current market sentiment remains bearish.

儘管該設定風險較低，但交易者應謹慎行事，因為突破區間低點將使 DOGE 面臨更大的拋售壓力。如果當前市場情緒仍然看跌，這種情況可能會加速。

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